ForFarmers N.V.: Resolutions Annual General Meeting of Shareholders ForFarmers N.V.
April 24 2020 - 7:52AM
ForFarmers N.V.: Resolutions Annual General Meeting of Shareholders
ForFarmers N.V.
Lochem, 24 April 2020
Resolutions Annual General Meeting of Shareholders
ForFarmers N.V.
During the Annual General Meeting of Shareholders of
ForFarmers N.V. (hereafter: the ‘General Meeting’ and ‘ForFarmers’
respectively), which was held today in Laren (Gelderland, the
Netherlands), the shareholders adopted the ForFarmers annual
accounts over the 2019 financial year and approved the dividend
proposal for the same financial year. Dividend
of €0.28 per ordinary share (€0.19 regular dividend plus €0.09
special dividend) will be paid entirely in cash to the shareholders
of ForFarmers, after deducting 15% dividend tax. The ex-dividend
date is 28 April 2020 and payment will take place on 8 May 2020.
Other resolutions
- An advisory vote was casted (100% of the number of casted votes
was in favour) in relation to the 2019 remuneration report.
- All members of the Executive Board have been discharged from
performing their duties during the financial year 2019.
- All members of the Supervisory Board have been discharged from
performing their duties during the financial year 2019.
- KPMG Accountants N.V. has been appointed as auditor of
ForFarmers for auditing the 2020 financial statements and board
report.
- The remuneration policy for the Executive Board has been
adopted with effect as from the financial year 2020.
- Mr R. Tjebbes has been appointed as member of the Executive
Board.
- Mrs A. den Otter has been appointed as member of the
Supervisory Board.
- The Executive Board has been designated as the authorized body,
upon approval of the Supervisory Board, to issue ordinary shares
and grant rights to subscribe for ordinary shares with a limitation
up to 10% of the issued ordinary shares for the duration of 18
months.
- The Executive Board has been designated as the authorized body,
upon approval of the Supervisory Board, to restrict or exclude the
pre-emptive right of shareholders for the duration of 18
months.
- The Executive Board has been authorised, upon approval of the
Supervisory Board, to have ForFarmers acquire (other than without
consideration) shares in its own share capital (irrespective of the
type) up to a maximum of 10% of the issued share capital of
ForFarmers (determined at the time of the General Meeting). This
authorization to acquire own shares enables the Executive Board to
(a) execute employee participation plans 2020 (cf. the employee
participation plan 2019 involved 251,852 shares) and (b) to
complete the current purchase programme of own shares (in the
amount of €30 million under which programme 4,128,123 shares have
been purchased up to this date for a total amount of €25,204,389
million).
- It was decided to cancel all ordinary shares which ForFarmers
has acquired under the purchase programme of 2017 (for an amount of
€60 million) and has acquired or will acquire under the purchase
programme of 2019 (for an amount of €30 million) and to authorize
the Executive Board – subject to approval of the Supervisory Board
– to implement such cancellation.
- It was decided to reduce the authorised capital included in
ForFarmers’ articles of association in such way that the
aforementioned cancellation of ordinary shares in the capital of
ForFarmers can be implemented.
The proposed remuneration policy for the Supervisory Board was
withdrawn by ForFarmers on 14 April 2020.
Share purchase programme for the employee participation
plans 2020Following the General Meeting, the Executive
Board, upon approval of the Supervisory Board, decided to start, as
of 29 April 2020, with the purchase programme of own shares for the
employee participation plans 2020. The progress of this purchase
programme will be disclosed weekly by means of a press release.
This press release contains information which qualifies as
inside information within the meaning of Article 7, paragraph 1 of
the EU Market Abuse Regulation.
View the documents of the Annual Meeting.
Note to the editor / For additional
information:
Caroline Vogelzang, Director Investor Relations T: 0031 573 288
194 M: 0031 6 10 94 91 61E: caroline.vogelzang@forfarmers.eu
About ForFarmers N.V. ForFarmers N.V. is an
international organisation that offers complete and innovative feed
solutions for livestock farming. With its “For the Future of
Farming” mission, ForFarmers is committed to the continuity of
farming and further sustainalising the agricultural sector.
ForFarmers is the market leader in Europe with annual sales of 10.1
million tonnes of animal feed. The company is operating in the
Netherlands, Germany, Belgium, Poland and the United Kingdom.
ForFarmers has approximately 2,600 employees. In 2019, the turnover
amounted to approximately € 2.5 billion. ForFarmers N.V. is listed
on Euronext Amsterdam.
ForFarmers N.V., Postbus 91, 7240 AB Lochem, T: +31 (0)573 28 88
00, F: +31 (0)573 28 88 99info@forfarmers.eu,
www.forfarmersgroup.eu/en.
FORWARD-LOOKING STATEMENTSThis press release
contains forward-looking statements, including those relating to
ForFarmers legal obligations in terms of capital and liquidity
positions in certain specified scenarios. In addition,
forward-looking statements, without limitation, may include such
phrases as “intends to”, "expects“, “takes into account”, "is aimed
at“, ''plans to”, "estimated" and words with a similar meaning.
These statements pertain to or may affect matters in the future,
such as ForFarmers future financial results, business plans and
current strategies. Forward-looking statements are subject to a
number of risks and uncertainties, which may mean that there could
be material differences between actual results and performance and
expected future results or performances that are implicitly or
explicitly included in the forward-looking statements. Factors that
may result in variations on the current expectations or may
contribute to the same include but are not limited to: developments
in legislation, technology, jurisprudence and regulations, share
price fluctuations, legal procedures, investigations by regulatory
bodies, the competitive landscape and general economic conditions.
These and other factors, risks and uncertainties that may affect
any forward-looking statements or the actual results of ForFarmers,
are discussed in the last published annual report. The
forward-looking statements in this press release are only
statements as of the date of this document and ForFarmers accepts
no obligation or responsibility with respect to any changes made to
the forward-looking statements contained in this document,
regardless of whether these pertain to new information, future
events or otherwise, unless ForFarmers is legally obliged to do
so.
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